If it were me, i wouldnt compare gold to bitcoin. Coz if a lot don't realize it yet, they are 2 VERY DIFFERENT things. And both obviously have their own positivities and negativities. but in my point of view, bitcoins have a bit of advantage. But it doesnt mean that it can replace gold itself or gold can replace what bitcoin is today. They are two very different things but can be used together for the better.
This is just my own perspective tho.
Topic: Is Bitcoin Sound Money? - page 41. (Read 28562 times)
It really depends on who you ask although today, I'm sure 9 out of 10 people out there won't consider it so. Even among finance people, there is a huge disagreement about crypto in general in terms of it being "sound money". That's not a bad thing for a currency less than 10 years old:)
To me, bitcoin is a side of my finance + supplement my company earnings. 
At first I did not knowed it yet, but one of my friends told me about bitcoin, I was very interested to know it more, and finally I'am making used to searching+mining it every day. And yeah, I can earn money from bitcoin sales like with what my friend are talking about. well, bitcoin is now part of my life + adds my company's finance. 
At first I did not knowed it yet, but one of my friends told me about bitcoin, I was very interested to know it more, and finally I'am making used to searching+mining it every day. And yeah, I can earn money from bitcoin sales like with what my friend are talking about. well, bitcoin is now part of my life + adds my company's finance. 
For me, when I always hear about the bitcoin I always remember the money. Because bitcoin is actually a digital money and nowadays bitcoin is now using in daily transaction like the country of the Philippines. We are now using bitcoin as a daily payment.
The bitcoin vs gold debate has raged on in investment circles since bitcoin has entered mainstream discussion among increasingly interested investors. Gold has been used as a form of currency and trade for thousands of years, and certainly has a track record for reliability and preservation of wealth. However, as the newcomer onto the scene, bitcoin may be the kind of financial and technological breakthrough to to challenge gold as the monetary kingpin.
Early on in its life cycle, seasoned investors began questioning the legitimacy of bitcoin value and debating how such a commodity could hold intrinsic value. What differentiates bitcoin from a mere collectible and what makes it similar to precious metal assets such as gold or silver? Among many circles, especially gold bugs and older-generation investors, bitcoin was not considered a valid investment up until very recently.
Which factors of bitcoin instill this validity of investment?
Watch Video
Bitcoin and gold share similar paths ... in a sense. In terms of investment, gold is a more continual investment. In other words, it is in continued demand and is not highly volatile. Bitcoin has shown promising signs of investment but is still highly volatile. It can be argued that Bitcoin is better for trading compared to investment. Early on in its life cycle, seasoned investors began questioning the legitimacy of bitcoin value and debating how such a commodity could hold intrinsic value. What differentiates bitcoin from a mere collectible and what makes it similar to precious metal assets such as gold or silver? Among many circles, especially gold bugs and older-generation investors, bitcoin was not considered a valid investment up until very recently.
Which factors of bitcoin instill this validity of investment?
Watch Video
Moreover, Bitcoin can be used to buy actual commodities. Gold does not do this. One would need to convert it to fiat before you can buy anything.
Honestly I don't care about the mainstream any more, I am using Bitcoin from 2011 or maybe 2010 and I am fully using it for my survival in the Internet I think that was the biggest step for me. I don't need any proof to get on this system I just know how it works and I believe in the system. I am proud that I use bitcoin and we are so good that we are here as a community. this community has lot of geniuses.
You are right, the mainstream media always arrives late to the party, in fact that is one rule that I follow, when something begins to appear all over the place then I know it is time to move to other markets, that is how I knew the real estate market was about to crash.Honestly I don't care about the mainstream any more, I am using Bitcoin from 2011 or maybe 2010 and I am fully using it for my survival in the Internet I think that was the biggest step for me. I don't need any proof to get on this system I just know how it works and I believe in the system. I am proud that I use bitcoin and we are so good that we are here as a community. this community has lot of geniuses.
You are right, the mainstream media always arrives late to the party, in fact that is one rule that I follow, when something begins to appear all over the place then I know it is time to move to other markets, that is how I knew the real estate market was about to crash. I do think that bitcoin is sound money since even though the value either increases or decreases due to supply and demand(like gold). I do like the fact that bitcoin can be transferred faster than gold(depending on where you and the buyer lives). I don't like the fact that sending bitcoins has a fee but I suppose that there is no way around that. I wonder what will happen when the maximum amount of bitcoin has been mined.
I think bitcoin is a kind of electronic or digital money in online market. Bitcoin doesn’t have exact value in market and its price is always changing due to supply and demand the online market. You can use bitcoin in any kind transaction in online like paying bills and many more so I think the bitcoin is money.
Why will bitcoin ever be compared to gold or silver and Co? Butcoin is a decentralised currency and extremely volatile which makes it either a good or bad investment, wherever luck falls on your side. It is high time we started looking at bitcoin as an easy way to transact globally rather than an investment. Gold is an asset with a future that is solely determined, we don't even know what's up with bitcoin tomorrow or near future.
You are right. I had gold for some years and a day came that I sold it at a higher value than I bought it. The thing is with gold you can be rest assured you have nothing to lose compared to bitcoin that you can loose much due to its volatility. I once bought bitcoin as a newbie at a huge price only for the price to start dropping drastically. I sold it out of fear of not loosing too much, and then after that, it started rising. Sure, I was a newbie and didn't understand how the cryptospace worked but at least I won't be that scared with gold.
Those who understand the reality of the bitcoin will hold and some people have proved that before as well. When it comes to investment then you have to accept that you may sometime go through a bad phase. For example in my country the Gold price today is almost 18% low then it was three year before.
I do think that bitcoin is sound money since even though the value either increases or decreases due to supply and demand(like gold). I do like the fact that bitcoin can be transferred faster than gold(depending on where you and the buyer lives). I don't like the fact that sending bitcoins has a fee but I suppose that there is no way around that. I wonder what will happen when the maximum amount of bitcoin has been mined.
I think bitcoin is a kind of electronic or digital money in online market. Bitcoin doesn’t have exact value in market and its price is always changing due to supply and demand the online market. You can use bitcoin in any kind transaction in online like paying bills and many more so I think the bitcoin is money.If we look into the stock market we will note the same feature in the fiat exchange value as well. Eg. the price of dollar keeps on changing on daily base when exchange with the Japanese yen or any other countries fiat.
The bitcoin vs gold debate has raged on in investment circles since bitcoin has entered mainstream discussion among increasingly interested investors. Gold has been used as a form of currency and trade for thousands of years, and certainly has a track record for reliability and preservation of wealth. However, as the newcomer onto the scene, bitcoin may be the kind of financial and technological breakthrough to to challenge gold as the monetary kingpin.
Early on in its life cycle, seasoned investors began questioning the legitimacy of bitcoin value and debating how such a commodity could hold intrinsic value. What differentiates bitcoin from a mere collectible and what makes it similar to precious metal assets such as gold or silver? Among many circles, especially gold bugs and older-generation investors, bitcoin was not considered a valid investment up until very recently.
Which factors of bitcoin instill this validity of investment?
Watch Video
Early on in its life cycle, seasoned investors began questioning the legitimacy of bitcoin value and debating how such a commodity could hold intrinsic value. What differentiates bitcoin from a mere collectible and what makes it similar to precious metal assets such as gold or silver? Among many circles, especially gold bugs and older-generation investors, bitcoin was not considered a valid investment up until very recently.
Which factors of bitcoin instill this validity of investment?
Watch Video
Yeah your right bitcoin never be a money that you can buy anything want you buy. But in reality in some countries bitcoin used to by there commodities through trading this crypto currency in the matter of fact bitcoin accepted in other country and their use it based on the necessary needs. Example bitcoin convert in to real currency of one state and the money their earn from bitcoin is used on for basic needs. Another is bitcoin has a value and every value of it has a corresponding used. Like gold and silver their are a value and the different of this two metal is accepted in the whole world as a real currency.
Yes bitcoin sounds money because bitcoin is an electronic money that can be converted to your money currency. On some stores bitcoin is now accepted as a money in change of the commercialized products that they have. Example is the starbucks, we can now buy coffee using bitcoins.
Can you share in which country yo are where you can pay bills directly using bitcoins? I am guess you still convert your bitcoins to fiat before you even pay for anything. I have not heard of any service yet accepting bitcoins such as utility bills. Probably in Japan, because they made a law about bitcoins there.
there are some countries i think that accepted bitcoin, i have heard it in some other guys here in forum, ph i think accepted bitcoin as their payment in their bills i dont think if its true and if they convert it also. it is sound money because we can buy anything that we want using it. just like the real cash it can be use to pay our bills and buy our goods. 
For me, when I hear bitcoin it sounds money for me. So what is wrong with that? I mean, I understand that people will not look bitcoin as money but what can I expect? I know bitcoin nowadays becomes higher and higher so it is really sounds good for me and Bitcoin for me is also Money for me.
It sounds so good. Bitcoin is evaluated as money, we can;t do about that. Just accept the fact that it will also a money. Its price increases accordingly on the demand and supply of the bitcoin or how many investors can be converted their money into bitcoin. It is such a good way and relief our worries of what gonna happen next to our bitcoin. For me, bitcoin is not money. I do not buy for bitcoin goods. I use bitcoin only for investment. It's just a way to make money. Maybe this is due to the fact that in my country I can not freely buy goods using bitcoin
I do think that bitcoin is sound money since even though the value either increases or decreases due to supply and demand(like gold). I do like the fact that bitcoin can be transferred faster than gold(depending on where you and the buyer lives). I don't like the fact that sending bitcoins has a fee but I suppose that there is no way around that. I wonder what will happen when the maximum amount of bitcoin has been mined.
I think bitcoin is a kind of electronic or digital money in online market. Bitcoin doesn’t have exact value in market and its price is always changing due to supply and demand the online market. You can use bitcoin in any kind transaction in online like paying bills and many more so I think the bitcoin is money.
For me, when I hear bitcoin it sounds money for me. So what is wrong with that? I mean, I understand that people will not look bitcoin as money but what can I expect? I know bitcoin nowadays becomes higher and higher so it is really sounds good for me and Bitcoin for me is also Money for me.
It sounds so good. Bitcoin is evaluated as money, we can;t do about that. Just accept the fact that it will also a money. Its price increases accordingly on the demand and supply of the bitcoin or how many investors can be converted their money into bitcoin. It is such a good way and relief our worries of what gonna happen next to our bitcoin. 
I do think that bitcoin is sound money since even though the value either increases or decreases due to supply and demand(like gold). I do like the fact that bitcoin can be transferred faster than gold(depending on where you and the buyer lives). I don't like the fact that sending bitcoins has a fee but I suppose that there is no way around that. I wonder what will happen when the maximum amount of bitcoin has been mined.
I think bitcoin is a kind of electronic or digital money in online market. Bitcoin doesn’t have exact value in market and its price is always changing due to supply and demand the online market. You can use bitcoin in any kind transaction in online like paying bills and many more so I think the bitcoin is money.I don't think bitcoin can be considered money.
We have to consider it as an asset like gold, real estate, etc.
The conventional notion of money is fiat money, and unless that perspective changes, bitcoin won't be considered money.
Asset is better, its value goes up long term given its intrinsic value, which I think is much higher than its current price.
same think with me . i think bitcoin is not money . i prefer to bank . you can invest and take profit from it . We have to consider it as an asset like gold, real estate, etc.
The conventional notion of money is fiat money, and unless that perspective changes, bitcoin won't be considered money.
Asset is better, its value goes up long term given its intrinsic value, which I think is much higher than its current price.
I don't think bitcoin can be considered money.
We have to consider it as an asset like gold, real estate, etc.
The conventional notion of money is fiat money, and unless that perspective changes, bitcoin won't be considered money.
Asset is better, its value goes up long term given its intrinsic value, which I think is much higher than its current price.
We have to consider it as an asset like gold, real estate, etc.
The conventional notion of money is fiat money, and unless that perspective changes, bitcoin won't be considered money.
Asset is better, its value goes up long term given its intrinsic value, which I think is much higher than its current price.
I think so..
Since bitcoin is using as a transaction tools so it can be said that bitcoin is playing function role of money. Bitcoin also used as a saving and investing tools so day by day it's becoming one of the replacement of money. Not only that but also bitcoin is getting available and popular all over the world. So...
Since bitcoin is using as a transaction tools so it can be said that bitcoin is playing function role of money. Bitcoin also used as a saving and investing tools so day by day it's becoming one of the replacement of money. Not only that but also bitcoin is getting available and popular all over the world. So...
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